Incus Investor ASA - Mandatory Notification of Trade

Panda AS has on 5th of September 2017 acquired 500 000 shares incus Investor ASA at an
average price of NOK 1,00.

Panda AS is considered as a primary insider because Panda is represented as the Chairman of
the Board of Directors in Incus Investor ASA by Per A Ravnestad.

Following this transaction Per A Ravnestad holds 7.238.937 shares in Incus Investor ASA trough
the companies Panda AS and International Oilfield Services AS.

For further information please contact:
Mr. Kjetil Flesjå, CFO Incus Investor ASA, Mobile: +47 900 41 213